Southwestern Medical Foundation Announces New CEO

Michael McMahan will be the next chief executive officer of the Southwestern Medical Foundation, effective March 20.

McMahan follows Kathleen Gibson as CEO. After 10 years with the foundation, Gibson told its board she planned to step down at the end of 2022 or after the search for a new CEO and a transitional period.

“Kathleen’s outstanding leadership over the last 10 years has left the Foundation in an enviable financial and operating position,” Jere Thompson, Jr., the chairman of the Foundation’s Board of Trustees, said in a statement. “The board will be forever grateful for Kathleen’s steady hand and the indelible mark she leaves here. And we are truly excited about Michael’s selection and appointment,”

New CEO has spent 11 years at Bush Presidential Center

McMahan has worked at the George W. Bush Presidential Center for 11 years and rose from a program manager to his current position as vice president of corporate planning and development.

He oversaw the recently completed $335 million “A Charge to Keep” campaign to endow the Bush Center’s work.

He also managed various strategic and operational areas of the Bush Center. McMahan previously served in the George W. Bush administration in the Department of Energy.

Foundation was founded in 1939, founded medical college in 1943

Southwestern Medical Foundation was founded in 1939 to promote the highest quality health care, research, and education in the southwestern U.S.

In 1943, it established Southwestern Medical College in prefabricated army barracks, where the foundation offices are today in the Old Parkland complex on Oak Lawn.

Southwestern Medical College joined The University of Texas System in 1949 and became The University of Texas Southwestern Medical Center of Dallas.

The foundation manages roughly $1.1 billion in assets and 1,000 funds established to support UT Southwestern. In the past 80 years, the foundation has made over $800 million in grants to UT Southwestern.

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